Daily Economy News
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Uncle Sam Trembles at a Chinese Whisper
With a mere whisper about reconsidering their investments in US Treasury bonds, Beijing rattled Wall Street and — if ever so briefly — raised our interest rates.
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Dismantling the Myth of Scandinavian Exceptionalism
The capital stock built in the 19th century allowed countries like Sweden to finance generous welfare states. Socialist sympathizers overlook this point and put the cart before the horse.
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Beat Entitlements before Boosting Defense
It is simply not possible to grow defense spending without substantial, cost-curbing reforms to the rest of the federal budget.
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Oregon Legalizes Self-Serve Gas, Twitter Chronicles the Crisis
Residents of Oregon became outraged when a new law took effect allowing motorists in rural counties to, perish the thought, pump their own gas.
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The Philosophical Underpinnings of the Trump-Bannon Split
What has gone completely missing here is a burning philosophical and ideological dispute between two wings of Trumpism. One seethes with right-wing Hegelian longings for an overthrow of the modern world and a resuscitation of tribalist nationalism (in short, fascism). The other is quasi-liberal at its best, seeking mostly to get government off our backs…
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All I Want for Christmas Is Privatized Airports
Privatization of small airports and allowing low-cost foreign carriers to enter could mean lower prices and more availability during the holidays.
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Taxation Chicanery Won’t Close Pathological Deficits
Reforming taxes to reduce, or even control, the budget deficit is like a cat trying to catch its own tail. Deficit reduction will require major, structural spending reform, an item that is notably absent from the GOP legislative agenda.
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How the Tax Reform Entrenches the Welfare State
The GOP plan pursues tax revenue on par with growth. The crafters of the reform have even put tax revenue above growth when the two goals conflict.
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Taxes Make Netflix, Spotify Victims of Their Own Success
These taxes appear to be imposed on purely digital providers, whether they have any nexus or receive any public services in the state or not, simply to replace the tax revenue lost from traditional, brick-and-mortar storefronts.
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Paul Ryan’s Trojan Horse for the Welfare State
The bill creates a new federal statistical agency: the National Secure Data Service (NSDS). Why? The answer is simple: not-yet-created entitlement programs for which we qualify based on our incomes.
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•
Uncle Sam Trembles at a Chinese Whisper
With a mere whisper about reconsidering their investments in US Treasury bonds, Beijing rattled Wall Street and — if ever so briefly — raised our interest rates.
-
•
Dismantling the Myth of Scandinavian Exceptionalism
The capital stock built in the 19th century allowed countries like Sweden to finance generous welfare states. Socialist sympathizers overlook this point and put the cart before the horse.
-
•
Beat Entitlements before Boosting Defense
It is simply not possible to grow defense spending without substantial, cost-curbing reforms to the rest of the federal budget.
-
•
Oregon Legalizes Self-Serve Gas, Twitter Chronicles the Crisis
Residents of Oregon became outraged when a new law took effect allowing motorists in rural counties to, perish the thought, pump their own gas.
-
•
The Philosophical Underpinnings of the Trump-Bannon Split
What has gone completely missing here is a burning philosophical and ideological dispute between two wings of Trumpism. One seethes with right-wing Hegelian longings for an overthrow of the modern world and a resuscitation of tribalist nationalism (in short, fascism). The other is quasi-liberal at its best, seeking mostly to get government off our backs…
-
•
All I Want for Christmas Is Privatized Airports
Privatization of small airports and allowing low-cost foreign carriers to enter could mean lower prices and more availability during the holidays.
-
•
Taxation Chicanery Won’t Close Pathological Deficits
Reforming taxes to reduce, or even control, the budget deficit is like a cat trying to catch its own tail. Deficit reduction will require major, structural spending reform, an item that is notably absent from the GOP legislative agenda.
-
•
How the Tax Reform Entrenches the Welfare State
The GOP plan pursues tax revenue on par with growth. The crafters of the reform have even put tax revenue above growth when the two goals conflict.
-
•
Taxes Make Netflix, Spotify Victims of Their Own Success
These taxes appear to be imposed on purely digital providers, whether they have any nexus or receive any public services in the state or not, simply to replace the tax revenue lost from traditional, brick-and-mortar storefronts.
-
•
Paul Ryan’s Trojan Horse for the Welfare State
The bill creates a new federal statistical agency: the National Secure Data Service (NSDS). Why? The answer is simple: not-yet-created entitlement programs for which we qualify based on our incomes.